Question: Based on the following data using a 365-day year, compute the accounts receivable turnover and the number of days' sales in receivables for year 2

Based on the following data using a 365-day year, compute the

Based on the following data using a 365-day year, compute the accounts receivable turnover and the number of days' sales in receivables for year 2 to 2 decimal places. The industry average turnover is 20 times during the year, and the number of day's sales in receivables averages 25. Comment on this situation

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